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Among other issues, the man was hospitalized with medical problems including diarrhea, acute renal failure, and hypotension. Not surprisingly, the company with the highest NOPAT margin in Figure 2 is General Mills, which is a multi-national conglomerate of different consumer food brands, not just one brand limited to a relatively small end market. In my view, Chobani is grossly overvalued at $10 billion. Customer service was good, atmosphere pretty chill, lots of other food trucks next to it, only complaint is that the rice was a bit too mushy and was only given like 6 pieces of shrimp. The product in question is less than 5% of our production and is limited to products produced at our Idaho facility, which accounts for only one third of our production capacity.. Source: International Business Times, Chobani Recall 2013: FDA says 89 People reportedly sickened by tainted yogurt, Hot to tell if your products are affected. Jill Heller, September 11, 2013. The attorneys at the Strom Law Firm keep a close watch on recalls of dangerous and defective products in the US. E. coli (Escherichia coli) is a type of bacteria that normally lives in the intestines of humans and other mammals. Having problems watching FOX 8 on antenna? The FDA reported to KTVB that there were 89 reports of illness from Chobani yogurt. You can see all the adjustments made to Chobanis income statementhere. The recall comes about a week after the company started. According to the class action lawsuit, Chobani's "45% less sugar than other yogurts" claim is a "relative nutrient content claim" that, according to the U.S. Food and Drug Administration, must be "based on a validly selected reference food." WeIreview an additional DCF scenario to highlight the downside risk should Chobanis entire business grow as fast as the projected growth of the plant-based milk market, which is anticipated to be the fastest growing (through 2026) market Chobani operates in. As many as 11 people across four counties are sick. If your child will play baseball or softball this spring, youll need to stock up on appropriate clothing and equipment. International Opportunity is Large, But Chobani Is A Domestic Company, International expansion certainly represents a growth opportunity for Chobani, as, per the S-1, the global yogurt market is currently worth $90.7 billion. For example, the expected profits require Chobani to take ~51% of the projected U.S. yogurt market in 2026, up from 20% currently. A dozen office workers in Connecticut became violently ill after eating a catered lunch from a well-known local restaurant.